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We at Al Multaqa Real estate know that Property Management is very important for your real estate investment, therefore we offer a trouble free Property Management Solutions for all our valued clients. Our clients enjoy the benefits of Leasing and Property Management services for the maximum return on their real estate investment.
Yes, you are qualified to apply for a resident visa if you purchase real estate in Dubai. The kind of residency visa you receive depends depend on how much property you buy. For instance, you can apply for a renewable two-year resident visa if you buy a house for at least 1 million AED. With this visa, you are able to live in Dubai and take advantage of a number of advantages, such as easy access to facilities like healthcare and education. For precise and current information, it’s crucial to confirm the regulations and requirements for current visas with the appropriate authorities or to speak with immigration specialists.
There are several benefits to buying property in Dubai:
As previously indicated, buyers of real estate are not subject to personal income tax, capital gains tax, or property tax in Dubai. However, because you can have tax liabilities in your home country, it’s crucial to take into account its tax laws. Depending on your jurisdiction, taxes on capital gains, inheritances, or other types of property ownership may be applicable. You can better comprehend the tax ramifications and any reporting obligations associated with your investment in Dubai real estate by speaking with tax specialists or other professionals in your home country.
Real estate market dynamics, such as supply and demand dynamics, economic conditions, governmental regulations, and worldwide market trends, all have an impact on property prices, making it difficult to predict them. Although it’s tough to give a firm response, Dubai’s real estate market has historically been stable. However, because market turbulence can happen, it is advisable to regularly watch market trends, speak with industry professionals, and do extensive study before making any investment decisions.